Harbour Group Acquires Games Warehouse

Aug 03, 2005, 01:00 ET from Harbour Group

    ST. LOUIS, Aug. 3 /PRNewswire/ -- Merit Industries, a subsidiary of
 Harbour Group, has acquired Games Warehouse, a leading developer, manufacturer
 and marketer of coin-operated, video-based entertainment systems, Sam Fox,
 Harbour Group's Chairman and Chief Executive Officer, announced today.  Terms
 of the transaction were not disclosed.
     The acquisition, which is based in Nottingham, England, will complement
 Harbour Group's other entertainment products companies, including Merit
 Industries and Rowe International.
     Mr. Fox commented, "Games Warehouse is an outstanding developer and a
 market leader.  The team has built this business into the leading developer of
 multi-game, skill-with-prize games in the United Kingdom by focusing on
 superior content development and customer service.  The acquisition of Games
 Warehouse further demonstrates Harbour Group's commitment to the coin-operated
 entertainment industry.  This industry remains fragmented, with many companies
 serving niche segments of the industry, and we will continue to aggressively
 grow our business through complementary acquisitions as we seek to build
 greater capabilities for our customers."
     Dave Logan, President of Merit, commented, "We are very excited to have
 Games Warehouse as part of the expanding Merit family.  Games Warehouse is a
 market leader and an outstanding game developer.  We believe there are
 significant opportunities to combine technology and content to bring exciting
 new entertainment value to the market."
     "We've worked hard to build the company into a premier provider of gaming
 content," said Keith Healey, Games Warehouse's Chairman.  "Harbour Group and
 Merit recognized the value we've built by focusing on developing the highest
 quality gaming experiences for our customers.  We look forward to the many
 opportunities this new relationship creates to further accelerate our already
 rapid growth."
     Harbour Group is a privately owned company based in St. Louis, Mo.
 Harbour Group and its operating companies are engaged in the manufacture and
 distribution of a wide variety of consumer and industrial products, including
 entertainment products, automotive enthusiast products and catalogs,
 architectural lighting, lubricating systems and equipment, hearth and chimney
 products, auxiliary plastic processing equipment, pre-engineered building
 components, and heat exchange equipment.

SOURCE Harbour Group